Welcome to the Fourth Edition of Greg Mankiw's Principles of Economics The First Edition of Greg Mankiw’s Principles of Economics introduced instructors to a new way of teaching economics, and the subsequent editions have maintained that level of excellence. Now, Greg Mankiw introduces the Fourth Edition of Principles of Economics, which is again poised to define the modern way in which students learn and instructors teach economic principles. Turn the page to learn more about the Mankiw 4e Experience! Update Your Mankiw 4e Experience updated to reflect the very latest changes in economic policy and trends. Mankiw has taken great care to present concepts with his hallmark conversational Brief Macroeconomics ISBN: 0-324-23697-2 Macroeconomics ISBN: 0-324-23695-6 writing style, encouraging students to apply what they have learned in class to their daily lives. In this edition, Microeconomics ISBN: 0-324-31916-9 you will see that Mankiw has applied examples from his experience as a leading economic advisor in Washington, Principles ISBN: 0-324-22472-9 D.C. to bring added real-world relevance to concepts and help students make sense of economic policy. Currency Mankiw continues to keep the study of economics fresh and relevant for new principles students. To achieve this approach, the Fourth Edition delivers multiple new boxed features and case studies on topics such as: how economic statistics can miss the underground economy, recent research into the causes of child labor in poor nations, the impact of Hurricane Katrina, and fiscal challenges ahead that arise from an aging population. Clarity of Writing The power of Mankiw's writing style comes from his ability to put himself in the shoes of someone encountering economics for the first time. He presents the economic principles in a way that engages and enlightens students. This writing style speaks to students and allows them to see how economics plays a part in their day-to-day lives. Engaging Examples In the White House In Chapter 2, a new case study titled “Mr. Mankiw Goes to Washington” discusses Greg’s recent experience as the Chairman of the Council of Economic Advisors to the President. Offshore Outsourcing The Fourth Edition includes a new discussion and boxed feature analyzing the current debate on offshore outsourcing. Experience Mankiw 4e The Mankiw 4e Product Family Every chapter in all five versions has been thoroughly Essentials ISBN: 0-324-23696-4 Tailor Your Mankiw 4e Experience Teaching with Mankiw 4e Simplifying Your Life REPORT •Aplia •ThomsonNOW The Mankiw product family is more than just textbooks—it's a comprehensive teaching and learning solution—creating the most dynamic •Instructor’s Resource Kit •Resource Integration Guide experience in and out of the classroom. PLAN •Aplia ASSESS •ExamView •ThomsonNOW ASSIGN •Aplia •Study Guide •ThomsonNOW •Textbook Now back in the classroom teaching the principles course, Mankiw has taken steps to expand the MANAGE Fourth Edition’s instructor’s resource package – with your time and busy workload in mind. •Aplia •WebTutor Beyond the pencil-and-paper basics, you will find innovative resources that help you quickly plan your courses and create media-driven classroom presentations with ease. Best of all, you can use this TEACH package to integrate book-specific content with Aplia, the leading online economics education pro•Textbook •Premium PowerPoint gram. This integrated learning approach gives you a •Aplia variety of enjoyable ways to present economic principles •Economics In to your students. the Movies •BCRC For more detailed information about all of these resources, please visit http://mankiw.swlearning.com. Above, we have mapped out the resources available to you for each stage of teaching so you can create the very best economics course. When combined, we believe these resources will help you create a customized learning and teaching experience. You do the teaching—let us provide the solutions. MankiwTown Instructor Community Web Site We invite you to join our MankiwTown community Web site. In MankiwTown, you will find exclusive opportunities to learn more about Mankiw 4e, share ideas with colleagues, participate in upcoming events, and enter to win great prizes! This is truly the way to experience all that Mankiw 4e has to offer. Visit today at: http://mankiwtown.swlearning.com Order Your Review Copy Today! Call 800.423.0563 or visit http://mankiwtown.swlearning.com Experience Mankiw 4e Add to Your Mankiw 4e Experience Mankiw’s Fourth Edition has even more resources available to help create an enjoyable and efficient teaching experience. If you have any questions, contact your local Thomson South-Western representative or visit http://mankiw.swlearning.com. Thomson Custom Solutions Thomson Custom Solutions develops personalized solutions to meet your business education needs. Match your learning materials to your syllabus and create the perfect learning solution. Consider the following when looking at your customization options for Mankiw 4e: Aplia™ Thomson is proud to announce our partnership with Aplia Inc.! Created by Paul Romer, one of the nation’s leading economists, Aplia enhances teaching and learning by providing online interactive tools and experiments that help economics students become “active learners.” Our partnership allows a tight content correlation between Mankiw 4e and Aplia’s online tools. Contact your local Thomson South-Western Representative to find out how you can incorporate this exciting technology into your course. www.aplia.com/thomson ThomsonNOW for Mankiw's Principles of Economics, 4e Providing instructors and students with unsurpassed control, variety, and all-inone utility, ThomsonNOW is a powerful and fully integrated teaching and learning system. ThomsonNOW ties together five fundamental Source Code: 7TPECM07 Mankiw 4e Premium PowerPoint® Our all-new instructor Premium PowerPoint for Mankiw’s Principles of Economics has been designed to incorporate the principles of effective teaching. Lecture material is blended with brief active-learning exercises for immediate reinforcement, application, and informal assessment. Many slides are annotated with helpful notes for instructors. Visit http://mankiw.swlearning.com. • Instructor’s Resource CD The IRCD contains many key supplements including the Class Planning Guide, Instructor’s Manual, Transparency Masters, the Test Bank, and more. • Instructor’s Manual with Solutions Manual Written by Linda Ghent, Eastern Illinois University, this includes learning objectives, teaching tips, in-class activity ideas, and solutions to end-ofchapter exercises. • ExamView® Testing Software This computerized testing software contains all of the questions from the printed test bank. With this tool, you can add or edit questions and answers for upcoming tests. • Test Bank Daniel K. Biederman, Ken Brown, Lisa Jepsen, Bryce Kanago, and Ken McCormick have updated the Test Bank, which includes approximately 230 questions per chapter. • Study Guide David R. Hakes, University of Northern Iowa, has prepared a study guide that will enhance student success. Each chapter includes learning objectives, the chapter purpose, a chapter review, helpful hints, practice problems, and more. • Traditional PowerPoint® Lecture Slides Available only on the Web site and the IRCD is this comprehensive lecture presentation, which covers all the essential topics presented in each chapter of the book. Graphs, tables, lists, and concepts are developed sequentially, much as one might develop them on a blackboard. • PowerPoint® Exhibit Slides Exhibit slides contain the figures, charts, and tables from the text and can easily be incorporated into your own PowerPoint presentations. • Transparency Acetates Created to help you build text images into your lectures, full color transparency acetates are available with the Fourth Edition to use on an overhead projector. • Class Planning Guide This guide simplifies class planning and helps you incorporate valuable tools and new activities into your principles course. A great tool to use when creating your course syllabus. • Video for Mankiw’s Ten Principles of Economics Mankiw’s video series illustrates his Ten Principles of Economics and can be used to visually introduce topics discussed throughout the book. • Macroeconomic Approach Explanation Guide In this essay, Mankiw explains his well-respected approach to teaching macroeconomics – an approach that fosters in students a better understanding of economic principles. • Product Support Web site At http://mankiw.swlearning.com you’ll find a wealth of instructor and student resources. Additional Mankiw Supplements • Remove chapters you do not cover or rearrange their order creating a streamlined and efficient text that students will appreciate. • Add your own material to cover new topics or information, saving you time and providing students a fully integrated course resource. • Include contemporary economic issues from our Economic Issues Collection, found on our custom Web site. For more information about custom publishing options, visit www.thomsoncustom.com or contact your local Thomson representative. learning activities: diagnostics, tutorials, homework, quizzing, and testing. Easy to use, this program offers instructors complete control when creating assessments in which they can draw from the wealth of exercises provided or create their own questions.